Bitcoin held steady above $107,500 before a major options expiry on Friday, representing a significant quarterly event.
38% of Deribit’s $40B in BTC options open interest will expire, with a 'max pain' price set at $102,000.
Bitcoin's implied volatility decreased from 50% in April to 38%, indicating growing market confidence.
While Bitcoin remained stable, the broader crypto market experienced slight declines; Market participants are closely monitoring the upcoming options expiry.